Paul Reilly to Replace Tom James as Raymond James CEO on May 1 InvestmentAdvisor.com | Monday, February 22, 2010 The board of Raymond James Financial confirmed that Paul Reilly will succeed Tom James as CEO on May 1, as was first announced by the company in March 2009; Reilly became president of the company in May 2009. The board also declared a quarterly cash dividend of $0.11/common share, marking the 25th consecutive year that Raymond James has paid a dividend.
Raymond James: Recruiting Wirehouse and Other Advisors with $1 Billion in Total AUM Research-Mag.com | Sunday, February 14, 2010 “Recruiting for both traditional employees and independent contractors has certainly slowed from the record levels of early 2009,” says Chet Helck, Raymond James COO and head of the firm’s private client group. “But we are still attracting top tier advisors who recognize that Raymond James is a stable firm, where they can put their clients’ interests first, own their own book of business, access superior resources and research, all while receiving the highest levels of client service.”
Ex-Smith Barney Branch Manager Goes Independent with Raymond James OnWallStreet.com | Monday, December 14, 2009 After spending 28 years working at wirehouses, Glenn Fischer said he was ready for a change, but he certainly didn’t want to change everything. What’s more, he wanted to be bigger than everyone else in the independent channel. “After working at the wirehouses for my entire career, I thought that there must be a better way to do business,” he said. “The wirehouse environment provides a lot of products, services and resources that are difficult for the independent business model to compete with, but by working with Raymond James I am hoping to find a happy medium and be able to provide the best of both worlds.”
Investment News 20 of 2010 – Broker dealers: Paul Reilly Investment News | Monday, December 14, 2009 The Investment News 20 is a group of people who will have a big influence on the financial services industry in 2010. Advisers think Paul Reilly, who will take the reins of Raymond James Financial Inc. from chief executive Tom James this spring, has the background to keep the firm on the path of steady growth.
Raymond James adviser: ‘We owe it to our clients’ Tribune Business Weekly | Monday, December 07, 2009 A group of financial advisers from a giant national firm moved to Raymond James in September. The move reflects a national trend to smaller organizations by financial experts who deal mostly with individuals, says David Niswonger, an investment manager who had been with the other firm for 25 years. “We felt a growing distance between where they were going and how that impacted the individual client world we work in.”
Slow and Steady Wins the Race for Financial Adviser Firms Wall St. Journal/FINS.com | Monday, November 09, 2009 Finance firms are hiring financial advisers and wealth managers in droves. Lack of exposure to toxic debt and solid financials is making Raymond James an appealing partner for both investors and advisers. “Last year, highly respected places saw their financial credibility being questioned,” said Chet Helck, COO of Raymond James. “That put a lot of financial advisers in mode of looking around, looking at their options. We didn’t have the exposure to subprime issues. We didn’t have to take government assistance.”
Raymond James Recruits 750-Plus Financial Advisors Research-Mag.com | Monday, November 09, 2009 Raymond James Financial says its two broker-dealers hired over 750 veteran financial advisors with more than $35 billion in assets and over $250 million in historical gross revenue in the fiscal year ended September 30, 2009.
Raymond James Tops Boomer Market Advisor Boomer Market Advisor | Tuesday, November 03, 2009 Raymond James was named the 2009 Broker/Dealer Excellence Award winner in the Large Independent Broker/Dealer category for the second consecutive year.
RJFS raises minimums for new RIAs Registered Rep | Thursday, October 29, 2009 Raymond James is raising minimums for new RIAs who want to custody assets on its RJFS-IAD platform from $30 million to $50 million. The firm said the move will both help it cut the cost of serving RIAs and also act as a draw for bigger RIAs, who tend to want to work with other RIAs of similar size.
Passing the Torch at Raymond James Florida Trend | Thursday, October 01, 2009 Leadership transitions are high-stakes affairs. In hiring his own replacement, Tom James has adopted a phased-in succession. As James prepares to pass the torch to Paul Reilly, he’s created a more gradual succession plan that takes into consideration the fact that Reilly hasn’t grown up in the company’s culture.
Raymond James Hiring Advisors to Offset Asset Losses Financial-Planning.com | Wednesday, September 16, 2009 Chet Helck, the chief operating officer of its private client group, said assets under management at Raymond James have declined at “less than half” of the global rate in the past year because the assets brought by the new advisors have helped offset losses. “We have had our most successful year in terms of attracting and retaining financial advisors,” he said.
Three High-Producing Advisor Teams Join Raymond James OnWallStreet.com | Monday, September 14, 2009 Three financial advisory teams, which had a combined $4.25 million in revenue, have joined the independent broker-dealer subsidiary of Raymond James Financial.
Career Moves: The Call of Independence Registered Rep | Thursday, September 03, 2009 Wirehouse reps are increasingly looking beyond Wall Street firms these days. The proportion of wirehouse advisors switching to another has fallen steadily over the past year, while the number going to independent b/ds and RIAs, as well as to regionals like Raymond James, has risen, according to data from Discovery.
60 Seconds with Paul Reilly Registered Rep | Tuesday, August 11, 2009 Reilly became president of RJF in May and will add CEO to his title when founder Tom James steps down next year after 41 years as chief executive. Registered Rep. talked with Reilly about his new role at the firm.
Getting Productive Registered Rep | Tuesday, August 11, 2009 Raymond James has begun hiring bigger and better quality advisors. “If we look at the last three or four years at Raymond James, we didn’t hire many large producers,” says Bill Van Law, senior vice president and director of business development at Raymond James Financial Services. “But that is a major focus now.”
Raymond James Nabs Wirehouse Refugees InvestmentNews.com | Friday, August 07, 2009 Raymond James Financial Inc. added 150 financial advisers in its fiscal third quarter, ended June 30, as part of what the company described in its earnings release as a continuing effort to “add producing personnel of all types aggressively.” “We expect this positive recruiting trend to continue for the rest of the year,” said Chet Helck, chief operating officer for Raymond James’ private-client group.
The Lure of Independence OnWallStreet.com | Friday, July 10, 2009 For 14 years, Jason DiLauro was the epitome of the Merrill Lynch financial advisor who was devoted to the firm. DiLauro says of Merrill, “I never ever imagined leaving there. I kind of considered myself the poster child for the firm.” No longer. Nearly three months ago, DiLauro picked up and left. He set himself up as an independent through Raymond James Financial Services four miles from his previous office. If he was once the poster child for Merrill, he is now the profile of the new independent financial advisor.
Stepping It Up Financial Advisor | Friday, June 05, 2009 There are many reasons why technology is an important factor in choosing a B-D (or evaluating your own): one of them is that the survival of B-D itself may depend on it, the second is that there is a trickle-down effect to you. Raymond James is hard at work delivering new and improved technology solutions to its representatives. According to Mike Shelly, VP of Technology Practice Management at Raymond James, all Raymond James advisors will have access to a “lite” reporting package through PNC/Albridge, similar to those offered by other B-Ds, at no charge.
Raymond James has been named best full-service broker in SmartMoney’s June 2009 issue SmartMoney.com | Tuesday, May 19, 2009 A repeat winner from last year, St. Petersburg, Fla.-based Raymond James knocks out the competition in two categories: customer satisfaction and brokerage statements. The 47-year-old Raymond James, which took on more than 300 new brokers last year, says it’s also scooping up new customers from full-service outfits with riskier balance sheets and uncertain futures.
Raymond James Recruits Million Dollar Producers from Goldman, Citi, and Merrill OnWallStreet.com | Monday, May 04, 2009 “In these turbulent times in particular, financial professionals are looking for the stability a conservatively managed firm like Raymond James provides, yet one that allows them the independence to manage their own practice while putting clients’ interest first,” said Bill Van Law, national director of business development.
Raymond James, Jeffries Keep Their Focus TheStreet.com | Thursday, March 19, 2009 These shops have kept their focus on the difficult but necessary regimen of blocking and tackling that originally made Wall Street great.
